I think a lot ppl still not understand why trade receivables are increasing “terribly”. If you have time, u can write one more article to talk about this. I don’t concern on this and I knew that LH is a good paymaster.

Smart bro... got any good news soon bo? Wait until neck also long d le.

I’m done today. Thanks big boy for the chance. Appreciate it!

seem like not so fast. let's see tomorrow if no rebound today.

I have been waiting for long time to add more... seem like chance is coming! someone is trying to press it down. Guys, let's grab some.

add if fall, hold it tight... be patient to continue to wait awhile longer. you will see handsome return just in blink of eye.

what is next for JHM? From my many years of investment experiences... my best guess for nx things will happen are (1) proposal to transfer to main market (2) many big boys will be seen in top 30 (3) dividend policy announcement to please those big boys (4) revenue and profit to hit new high continuously at least for this year and also next 2 years. (5) will be at least 1 or 2 big boys to hit above 5% of share holding. (6) and many more surprises by the company's great management from time to time.

very obvious big boys are keep buying. they trying hard to press down carefully and get more shares at cheaper price. don't be silly to believe jhm will get its pe lower because pe is decided by future prospects and d big guys who is holding it. if jhm really fall more, learn to buy in at fear moment. don't easily cheated by ppl who not really understand the company or business especially during bad market sentimental. they like to sound out loud how terrible it is going to be during market panic but will get back to market quickly once market sentimental is easing. market will heal by itself as long as no financial problem to the world economy.

Trader will always bias on technical trend. They will wipe off the fundamental reasons to buy-in in the past just by days. Business trend won't change just in days. If you would like to be a true long term investor, don't simply believe in trader because they will have 10 reasons to buy in but just 1 reason to sell off. If you r not a great trader, try learn to be a true investor. Be smart to hold the stock that can let you keep long without much worry when market up or down. u are hardly to get another one if sell it unwisely. Just like PBBANK is an idol stock for many long term investor. But how many of investors really keep it for so long? Boring investment will make your life very peaceful, less stress and more free time to do other things.

I'm holding since mar'2016. I foresee should be ok to keep at least until 2020. I will do my next review in 2019. 2018 definitely will be a booming year.

Do you willing to give up your gem if MYR appreciate 5% while its future value will grow few hundred % in coming years?

Santocs bro, dont worry... JHM growth is much stronger than MYR appreciation.

US will increase interest soon and MYR appreciation against USD wont go too far in long run especially US economy will grow stronger on the effect of tax reduction.

Prospect visibility for JHM is super clear. You hardly find it in KLSE. But most of the investors like to see short term. Fear and emotion are the hardest part for them. Let them enjoy the way they like. Just do your part and do not be part of them. Patient will be paid handsomely just by do nothing!

Thanks for kindness to do 'fantastic' sharing. Pls read this if you can.
http://www.guangming.com.my/node/415321/%E9%80%B2%E8%BB%8D%E5%8C%97%E7%BE%8E%E8%BB%8A%E7%87%88%E5%B8%82%E5%A0%B4-%E6%8D%B7%E9%8A%A8%E8%88%87mls%E7%B0%BD%E5%90%88%E4%BD%9C%E5%8D%94%E8%AD%B0

Correction on typo...

“MLS is our biggest customer. About 40% of the group’s revenue for 2017 would come from MLS.
“Next year, we are projecting that the revenue contribution from MLS would exceed 50%,” he said after signing the collaborative agreement with MLS.

MLS is forecast to contribute around RM300mil to JHM in 2018. Let's say it will be 55% in 2018 from MLS alone. That's mean total possible revenue will be RM545 in 2018. It is one fold revenue compared to 2017. That's how 2018 is working by forecast. How about further future prospect? Don't forget about new aerospace segment and many others.

clearsky bro... how big the d contribute from general lighting applications for the European market and general lighting applications for the European market?

“MLS is our biggest customer. About 40% of the group’s revenue for 2017 would come from MLS.
“Next year, we are projecting that the revenue contribution from MLS would exceed 50%,” he said after signing the collaborative agreement with MLS.

MLS is forecast to contribute around RM300mil to JHM in 2018. Let's say it will be 55% in 2018 from MLS alone. That's mean total possible revenue will be RM545 in 2018. It is one fold revenue compared to 2017. That's how 2018 is working by forecast. How further prospect? Don't forecast about new aerospace segment and many others.

I'm delighted to be a long term investor for JHM and shall continue to be...

Smart bro... do u know roughly when d mainboard transfer proposal will come out bo?

JHM bought MISB with PE less than 7 by issued JHM shares to seller at PE25. Which party is smarter? Maybe both parties?

I will add more if still got chance at 280-290. Will continue hold my cash until opportunity arise. Maybe there is a chance still if coming nx quarter report do badly. Else, I just continue to let my profit run.

I can sense that 1bil market cap should be not far away... Latest by 1st half of 2018? I guess share price will be at least RM5 by nx yr as long as big guys' economy is still sustainable.

When to sell? Pls show me the fact on economy downturn or black-swan fly out first!

Majority of ppl tend to guess this and that.... guess with "fact" or simply talk... even can see real fact on company growth... those guess-er still prefer shun from it... worry to get burn once their guess is finally right. But... they are wasting time and opportunity. In fact, they already get burned without notice. Good opportunity come once awhile. But great opportunity is a rare gem. You hardly to find it again once missed it. Nowadays market has too many short term traders or so called investor. We can't avoid it but just accept it.

Very good proposal. Acquisition by issued new shares only. No need to touch on cash and also no debt being rise.

Profit guarantee 21mil for 3 year. 2018 6mil, 2019 7mil & 2020 8mil. If missed the target, seller's share will be hold and locked by trustee.

This hint they are very confident on the company future prospects and ready to be a long term investor.

Another boost to next year's growth... I love it... can't ask for more! Great job!

This Hurricane Harvey disaster is a positive effect instead of negative effect to JHM. Anyway, we should pray for the victims.

Mr Lim Tze Cheng must be a fan for JHM if he know this company well. Not sure he hold any? https://www.bloomberg.com/news/articles/2017-08-16/fund-management-is-boring-for-investor-who-s-up-51-this-year

Market cap as of now is 732.4mil... bravo! In order to hit 1bil market cap (after pp), share price need to be RM3.68. Possible to be done within this year? Let's see.

Greater show will be in next year and 2019. Huat journey still long way to go...

Not many listed company provide presentation. But it does not mean no good. Learn to ask questions will do. Management has reviewed all the necessary informations in the past through news and report. This time I mainly to countercheck the progress and the outcome is very positive. Just ignore the noise and sleep well with ur holding. Look into the business, continues monitor the high visibility plans provided by management and believe what u have seen. Time will tell.

Through recent AGM, I have confirmed the business is doing so well as per mentioned by management in the past. We shall see stellar performance by company in growth especially next year will be explosive one! Just a matter of time to achieve billion market cap company. I expect it will be a multi billion company in longer term. High visibility, high certainty and high quality business... You can't find another one in Bursa Malaysia at this moment!

current JHM still consider one of the cheapest stocks in bursa. pls look forward!

http://www.theedgemarkets.com/article/jhm-expects-continue-double-digit-revenue-growth

生意进展的重点：

【2017】
# Aero LED (start production toward end of the year)
# Auto LED new contract value (unknown) from N.A. for trucks & buses. Start by H2FY17.
# Japan market - motorbikes (very big in term of revenue). Start by H2FY17.
# New venture into general lighting @ +5% rev in Q1FY17. Will become +10% rev in FY2017.
# New venture into street lighting for US customer (getting qualification)
# New venture into ceiling lights for Europe customer (well-know home products retailer)
# New venture into Agricultural lighting for Europe customer.
# Revenue growth in 2017 is at least 20% (from both trucks and buses + motorbikes projects alone)

【2018】
# Aero LED stabilise
# Kick off Aero Mech
# Europe Auto LED

【2019】
# Aero Mech (command higher rev in future + very good profit margin)

With above progress update highlighted by management, the coming result is supposed to be very positive. Do you still think RM4 is expensive? I can already sense the market cap of RM1bil is not far away. Even hit RM1bil market capital, I expect the "let me huat journey" for the company still can continue very huat.

Naturally, people are tend to be greedy (ask for cheaper) and get worry (profit run away). They are putting the focus purely on share price instead of future business prospect. Anyone can intro any company that can provide such impressive growth prospect, high visibility and high certainty story?

If you able to find a company with 20-30% growth, you supposed to be very happy. But, JHM's growth can be 10x greater.

I don't worry about the short term, but taking well on the future growth progress. If got cheap sales, I find money to buy more for extra gain. If goes up higher, I'm enjoying more profit.

Correction: The 【80%】 of existing total revenue is derive from North America segment... the coming US50mil contract also is from North America!

The 90% of existing total revenue is derive from North America segment... the coming US50mil contract also is from North America!

Let's imagine what if all possible earning streams started to contribute to company earning as below:

公司的成长信息（拥有4个引擎的公司！）：
【=A=】】 JHM未来的成长重点：
（1）现有的LED车业，贡献了80%的营业额，主要的市场是北美洲。预测北美洲还有不错的成长空间。【旧引擎】
（2）将会打入（欧洲 + 日本）的LED车业的新市场。根据网络的资料，（欧洲 + 日本）加起来的销售值，会来得比北美洲大一些。（注：日本占了大概1/3的亚洲销售市值。）【新引擎】
LEDinside Estimates Automotive LED Market Value to Reach US $2.29B by 2020 (Link: http://www.ledinside.com/node/24379)
（3）申请AS9100准证来打入航空LED的新业务。航空LED的销售市值，非常接近全球汽车LED的销售市值。但是，JHM打算做航空LED的内部灯（内部LED灯其实市场已经有其他竞争对手），销售市值不懂占多少。但是那些产品的市值应该对JHM已经是属于一个龙大的市场了。航空合约可以长达30年，高entry barrier的业务。【新引擎】
Aircraft Lighting Market worth 2.55 Billion USD by 2021
http://www.marketsandmarkets.com/PressReleases/aircraft-lighting.asp
（4）航空零件制造新业务。这个市场非常庞大。到时就要看JHM所做的是哪些航空零件的部分。参考SAM的book order，是以20-30亿来算。此业务应该需要时间贡献。预测是2018年或过后的事情。【新引擎】
（5）公司高层希望要在3年后达到汽车业务 50%：50% 航空业务的目标。LED汽车业务的成长力度可不小，如果到时航空业务也能达标，可以想象可成长的爆发力。

【=B=】再配合一些公司动作所带来的副作用（成长股的效应来得比有效）：
（6）转主板。只要公司表现到属于一个高成长，业务又稳定的公司，到时可以吸引更大型的基金进场。【By early of 2018】
（7）红股的效应。【Confirmed】
（8）市场先生给更高的PE，比如GTRONIC，VITROX，INARI都属于PE15以上的成长+业务稳定的公司。也是基金的最爱。（ELSOFT，MMSV，却少爆发性的成长，也值得PE10以上。）【Confirmed】
（9）开始派发股息。【Predict after aerospace segments have settled down】

So, can JHM become a billion market cap company (pre-bonus price @ RM8)? Seem it can go far beyond that to become a double digit RM company (pre-bonus price).

别人笑我太疯癫，我笑他人看不穿。

Market Cap as of today is RM 517mil... what a surprise to hit his milestone at very short term. Well done and looking forward to become a RM 1bil market cap company in the future!

Yuming, what is your short term n long term target?

The company has the knowledge, resources and right guy... just a matter of time to get things up. Not many ppl really understand the company well. That's why can get panic easily. haha!

Hi Lim, what kind of products ur company dealing with JHM? Omron automotive segment seem like did not mentioned about automotive LED? Wondering how BIG is the contribution to JHM?
http://www.automotive.omron.com/products.php

I guess Japan market has a high change to be happened in short term because company already has the right resource to fight for it. For Europe, I read from old article news mentioned there was potential customer visited the plant in 1-2yrs back (if not mistaken), hope will able to see some positive feedback in near term too. Just my personal prediction.

JHM business is not same with D&O... D&O is LED manufacturing. JHM is use LED to do sub-assembly.
But, from the D&O message... there is very very strong positive hints to JHM's coming result.
1) Q4FY16 vs Q4FY15 - Propelled by a 48% growth in Automotive Segment
2) Q4FY16 vs Q3FY16 - The Automotive Segment sales revenue registered a 36% increase to a record level of RM121 million.
3) Prospect - Automotive industry is expected to continue to gain traction amongst global automotive players.

frankly speaking... TP RM5 in 2 years still consider a conservative TP.

my avg price do not bring any meaning to everyone. let's look forward and think on its prospect instead. current North America auto LED contributing 80% of existing earning. just imagine its future new earning streams from japan & europe auto led market, new worldwide aero led market and later one will be precision component for aero market. it is a huge huge room for growth. i guess it simply can offer another 100% return in just 1-2years. i expect much more upside if you hold longer term... google to figure out what is the auto led market size in japan, europe & also worldwide aero led (vs current N.America auto led market). precision component will b another big big market. with all those business prospects, i see no reason why company should less than 500mil market cap. it should worth much more than that. let's see.

my first buy was 44.5sen. 2nd batch at 1.57. 3rd batch at 1.76. All in 100% JHM. Still expecting tremendous return from JHM in coming 1-2 years. Hold it tight guys...